BlackRock Completes Acquisition of Asset Management Business of Citibanamex
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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Source: Business Wire
Through a distribution agreement, Citibanamex will offer BlackRock investment funds backed by BlackRock’s world-class technology BlackRock reaffirms conviction in Mexico’s long-term growth potential and will now offer full range of local and international investment solutions MEXICO CITY & NEW YORK--(BUSINESS WIRE)-- BlackRock (NYSE:BLK) has completed its acquisition of Citibanamex’s asset management business. Citibanamex is a subsidiary of Citigroup Inc. (NYSE:C). The transaction involves fixed income, equity, and multi-asset funds holding approximately $34 billion in investments. This acquisition reaffirms BlackRock’s conviction in Mexico’s long-term growth potential and positions BlackRock to help more Mexicans build better financial futures. With 10 years of experience in the Mexican market, BlackRock will now offer a full range of local and international inv
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